Japanese companies flock to Myanmar

Japanese companies are trying to court Myanmar’s growing middle class. On Dec. 29, Honda Motor opened its 115th motorcycle dealership in the country, in Myitkyina, the capital of the state of Kachin. The Japanese company opened five dealerships in Myanmar in December alone — all in smaller cities. The total number was up 40% from […]

Thai AirAsia adds Mandalay flight

Thai AirAsia (TAA) is to introduce a second daily flight from Bangkok to Mandalay to meet stronger demand. The additional service will commence on March 17, expanding the low-cost carrier’s (LCC) footprint in the emerging travel market. Santisuk Klongchaiya, commercial director for TAA, said the airline’s services to Myanmar have grown in popularity as Thais […]

Myanmar manufacturing set for takeoff

With the end to economic sanctions triggering an investment boom and an abundance of low-cost labor, Myanmar’s nascent manufacturing industries look set for major growth. In the space of less than two years, Japanese clothing retailer Honeys has increased the number of production lines at its second factory in Myanmar from five to 34. The […]

Thai delegation visits Myanmar

Deputy Prime Minister Somkid Jatusripitak is scheduled to lead a Thai delegation to Myanmar on Feb 2-3, seeking to expand bilateral trade and investment as well as border trade. Isara Vongkusolkit, chairman of the Thai Chamber of Commerce, said the delegation will include 40 representatives who will meet Myanmar businesspeople to discuss possible partnership on […]

SEA mobile market update: Malaysia falls, Myanmar booms

The close of 2016 saw a number of significant shifts in operator rankings across many countries in Southeast Asia. The biggest change was in the Philippines, where Globe Telecom moved ahead of incumbent Smart after adding more than 10 million connections and expanding its market share by 4 percentage points to lead with a 52 […]

Myanmar sees boost in private investment in agriculture

Investment in agriculture by private companies is increasing in Myanmar, raising expectations that the modernization of the sector will progress at last. Myanmar Agribusiness Public Corp. (Mapco) has built a large rice mill in a bid to boost exports of rice, while Myanma Awba Group has launched a project to build an agricultural chemical factory. […]

Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

Controversy Breaks Out over Hansae’s Exploitation of Laborers in Myanmar, Vietnam

Last month, international labor rights advocacy groups announced in their reports that a number of human rights abuses were being carried out at factories operated by Hansae Co. in Vietnam. According to foreign news wires, the Worker Rights Consortium (WRC) and the Fair Labor Association (FLA) which are international labor and human rights consortiums announced […]

Vietnam’s Stock Market is Set to Boom – That’s Good News For Yangon’s Bourse

​​ A few weeks ago I had the chance to spend some time exploring the Vietnamese city of Saigon – or more precisely, District 1 of Ho Chi Minh City (HCMC). Without doubt the place is the hottest ticket in town for investors targeting the Mekong region. And it is easy to understand why. This […]

Myanmar Awaits Indian Response on Bean Deal

​​ The fate of a nearly million-tonne bean deal remains uncertain as the Myanmar government awaits a response from India to its proposal to sell the beans at the current market price. The Indian government said it wanted to pay a much lower price. The deal concerns the India government’s offer to buy 900,000 tonnes […]